The Business Times, 21 December 2012

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Microfilm: NL32339
Total Pages: 36
1 38 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sp!l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Friday, December 21, 2012
    25 words
  • Article, Illustration
    Lock icon Echoes of past labour crunches are in the air
    931 1  -  It’s yesterday once more, only on a scale and fallout not seen before this By KENNETH LIM [SINGAPORE] Singapore has been there before, but never so deeply and not on this scale. Da Nan Tang Tea House and Restaurant in Mosque
    931 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,175.52 (+16.95) GST INDEX FUTURES 3,170.00 (+17.00) GSIMSCI 360.39 (+1.43) GSIMSCI FUTURES 359.60 (+0.90) US$ S$ US$ (S$ per US$) 1.220 (US$/S$ per 1.625 1.982 EURO (US$/S$/€) 1.322 1.612 Foreign currency per US$ S$ YEN 83.90 68.80 RM 3.057 2.506 HK$ 7.750 6.354 BAHT 30.63 25.11 RUPIAH
      65 words
    • Article
      Lock icon MARKETS
      48 1 Thursday Change KL COMP 1,670.60 +4.96 NIKKEI 225 10,039.33 -121.07 HANG SENG 22,659.78 +36.41 SET INDEX 1,377.40 -1.00 JAKARTA COMP 4,254.82 -21.04 MANILA COMP 5,797.74 +45.35 SEOUL COMP 1,999.50 +6.41 SHENZHEN B 646.63 +1.21 MUMBAI IND 19,453.92 -22.08 11am EST Change DOW 13,251.55 -0.42 NASDAQ 3,041.63 -2.73
      48 words
    • Article
      Lock icon PRIME RATES
      17 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.144 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg
      17 words
  • Article, Illustration
    Lock icon Asean-India trade set to exceed US$100b in 3 years
    659 1  -  By LEE U-WEN in New Delhi IMAGINE the traders making twice as much money or the ships carrying two times the cargo on this route. Trade between Southeast Asia and India is set to soar in the coming decade as a
    PHOTO: DESMOND WEE/THE STRAITS TIMES  -  659 words
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      65 1 PROPERTY Stepping up in style PAGES 24 26 COMPANIES Olam shares up for a third day PAGE 6 bankiastyle COMMENTARY Has anything changed after the bailout? PAGE 23 THE END OF THE WORLD FOR BEGINNERS EXECUTIVE LIFESTYLE I PAGES 33-35 8 *****1 *****4 PANERAI.COM HISTO RYan d HEROES LUMINOR 1950
      65 words
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      7 1 SPECIAL FEATURE Kazakhstan Independence Day PAGES 18-19
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      200 2 / 3 Singapore’s new icon of progress welcomes its Latest member. The new Audi Q5. The contemporary SUV. Contemporary design meets modern, state-of-the-art technology in the new Audi Q5. Engineered for the ultimate drive, it features the next evolutionary stage in performance handling quattro® with torque vectoring. So everything you know about
      200 words
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      410 4 Asean-India trade set to exceed US$100b in 3 years TRADE between South-east Asia and India is set to soar in the coming decade as a long-delayed free trade pact on services and investments was finally confirmed yesterday. FRONT PAGE UBS probed for possible misconduct on HK rates UBS
      410 words
    • Article, Illustration
      Lock icon PM Lee visits Gurgaon before summit
      456 4  -  B y LEE U-WEN in New Delhi PRIME Minister Lee Hsien Loong visited the bustling Indian city of Gurgaon for the first time yesterday to get a first-hand view of one of the country’s key business and industrial centres. Mr Lee boarded a bus
      PHOTO: DESMOND WEE/THE STRAITS TIMES  -  456 words
    • Article
      Lock icon Chauffeur-turned director wins case against boss’s estate
      1148 4  -  By GRACE LEONG [SINGAPORE] A chauffeur-turned-director of Merukh Singapore Properties won relief against claims brought by the estate of late Indonesian mining tycoon Jusuf Merukh after the High Court found that he had acted honestly and reasonably in three property sales that he
      1,148 words
    • Article, Illustration
      Lock icon UBS under HK probe over possible rate misconduct
      772 4 HKMA was alerted about potential manipulation by foreign regulators Bloomberg [HONG KONG] UBS AG, which will pay US$1.5 billion to settle charges with US and UK regulators for manipulating interest rates, is now under scrutiny in Hong Kong for possible misconduct linked
      Bloomberg; PHOTO: AFP  -  772 words
    • Article
      Lock icon US fiscal cliff talks stall as both sides talk tough
      583 4 AP [WASHINGTON] Talks to avoid a US fiscal crisis have stalled as the Republi-can-controlled House yesterday moved ahead on a backup bill that Democrats say won’t get through the Senate and the White House says President Barack Obama will certainly
      AP  -  583 words
    • Article, Illustration
      Lock icon When our thoughts are no longer ours
      889 5  -  The value of privacy will deteriorate when we spend most of our lives online COMMENTARY By JOYCE HOOI [SINGAPORE] Earlier this week, 100 million hipsters woke up and realised with horror that they could not have their cake and Instagram it too. The
      PHOTO: AFP  -  889 words
    • Article
      Lock icon Then and now
      364 5 What they said then: 1989: ‘It is extremely difficult to find good local chefs, especially those who can serve sophisticated Cantonese cuisine.’ Andrew Tjioe, managing director of Tung Lok Group of Restaurants What they say now: 2012: ‘In terms of the chef department side, that’s really an
      364 words
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      105 5 V A s Depuis 1775 r d k *4 r e mno A M A r tWk ►v*ra V. m ■> V w Breguet, the'innovator, Marine Tourbillon with chronograph v A member of the Board of Longitudes as of 1814, Breguet was'kppointed Horologer to the French Royal Navy by Louis
      105 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Olam shares up for a third day
      471 6  -  Stock closes at $1.56 after Temasek further increases stake to 18% By ANDREA SOH OLAM’s shares continued their rally for a third day on the back of another announcement that Temasek Holdings had further increased its stake in the firm to 18 per
      Source: Hjomjero  -  471 words
    • COMPANY BRIEFS
      • Article
        Lock icon SGX seeks feedback on proposed rule changes
        73 6 SINGAPORE Exchange (SGX) is seeking feedback on proposed rule changes to clarify when settlement between the clearing house and clearing members becomes final. The bourse is also seeking to fine-tune rules relating to the clearing house’s powers in emergency situations, formalise the current
        73 words
      • Article
        Lock icon Lum Chang inks London property deal
        37 6 LUM Chang Holdings, through a unit, has inked an agreement to buy the freehold interest in a mixed use property in London for a net consideration of £40.19 million (S$80.38 million).
        37 words
      • Article
        Lock icon Healthway sells 1% of HMD for $3.5m
        100 6 HEALTHWAY Medical Corporation (HMC) is selling a one per cent stake in Healthway Medical Development (HMD) to seven individual third-party investors for $3.5 million, reducing its 15 per cent holding to 14 per cent. This is via the sale of 35,000 sale shares,
        100 words
    • Article, Illustration
      Lock icon Hedge funds run by commodity giants outsmart small rivals
      679 6 Many other funds heading for worst year in a decade Reuters [LONDON] Hedge funds owned by commodity giants including Cargill and Louis Dreyfus have outwitted their standalone rivals in a year of market volatility that has disrupted traditional models for oil
      Reuters; PHOTO: AP  -  679 words
    • Article
      Lock icon Ezion Hldgs making general offer for YHM shares
      289 6  -  By NISHA RAMCHANDANI OFFSHORE and marine group Ezion Holdings is making a general offer for all the shares it does not own in YHM Group at 0.18 cents per share. Mainboard-listed Ezion yesterday completed a subscription and an option grant, acquiring 3.2
      289 words
    • Article
      Lock icon Sembawang E&C, partner win $260m HK contract
      369 7  -  Punj Lloyd subsidiary drops listing plans, citing market conditions By MINDY TAN SEMBAWANG Engineers and Constructors (Sembawang E&C) has suspended its listing plans, even as it said yesterday that it had been awarded a contract worth more than $260 million with its joint-venture
      369 words
    • Article, Illustration
      Lock icon Simon Cheong may have to sweeten offer
      507 7 Reuters SINGAPORE property magnate Simon Cheong, best known for selling luxury units at record prices, may have to fork out more money to appease his company’s key shareholder and take SC Global Developments Ltd private in a planned $745 million deal. Mr Cheong,
      Reuters  -  507 words
    • Article
      Lock icon Datapulse Tech plans to enter property sector
      302 7  -  It says existing core business is ‘competitive’ By NISHA RAMCHANDANI DATAPULSE Technology is planning to expand its core business to include property development, investment and trading as it seeks to capitalise on the buoyant property market in Asia. Datapulse’s current core business involves
      302 words
    • Article, Illustration
      Lock icon Analysts turn cautious on S’pore’s hospitality sector
      441 9 They warn of more competitive hotel landscape, cite drop in visitor spending BENEATH the dazzle of new tourist destinations to come, not all may be well for Singapore’s hospitality sector. Analysts have turned cautious on the industry as visitor numbers climb at a
      PHOTO: RESORTS WORLD SENTOSA  -  441 words
    • Article
      Lock icon STX founder forced to take group apart
      606 9 Shipping unit now up for sale, just like offshore-vessel unit Bloomberg KANG Duk Soo spent 11 years turning a failing ship-engine maker into a conglomerate with US$23 billion in assets. He is now dismantling it. His STX Group put the controlling stake of
      Bloomberg  -  606 words
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      121 6 Guest Loyalty Programme CHRISTMAS AT CONRAD Where Good Friends Gather. There's no better way to savour the season's merrymaking than heartwarming favourites and lavish treats. What more when it's being enjoyed with good friends and loved ones. In the spirit of sharing good tidings, it is our absolute pleasure to
      121 words
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      Lock icon Page 6 Advertisements Column 2
      62 6 BT Wine, Dine to Hospitality ■X o Pages Published on Mon, Wed and Fri 7 in i For advertisement bookings and sales enquiries, please contact: Amy Choo 9690 3432 Lawrence Chang 9229 4919 Francis Yeo 9620 1356 Adeline Goh 9681 8289 Alisa Tan 9154 8381 Ellen Lee 9368 3533 Amy
      62 words
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      25 7 Log on to www.sphmagazines.com.sg/xmaspromo2012 or scan the QR code* now! You need to download a QR code reader app for this. Terms and conditions apply.
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      Lock icon Page 7 Advertisements Column 2
      67 7 !"T I? VC^£ so% 2/ia item 1st item Conditions apply .■P. V 6281 5688 or 6757 4403 mm www.passions.com. PASSIONS Purveyor Of Pine Watched Since 1991 SINGAPORE KUALA LUMPUR On W. V f£r 12 II in ft o -’o 20 7 6 Passions the trusted name for your timepieces from
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI edges up in subdued trading
      612 8  -  Rise attributed to the possibility of year-end window-dressing arriving early STOCKS R SIVANITHY Senior Correspondent THE Straits Times Index yesterday rose 16.95 points to 3,175.52 in a relatively subdued session in which two billion units worth $1.3 billion were traded. Some observers raised the
      Source: Bloomberg  -  612 words
    • Article, Illustration
      Lock icon OTHER SINGAPORE INDICES
      82 8 Source for FTSE ST Indices: Interactive Data Dm 70 VAIUF close dt oems 387 HU ra.oa BT CADI -WM.W -U,00 HT 10-day m -***** OU TO 00 FTSE ST Mid Cap 1H&JS9 at EE F»S« ST Small Cap 5*' J(i •1.40 FTSE 57 All Shatv 77S 77
      Source for FTSE ST Indices: Interactive Data  -  82 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 7 4 0 0 0 6 7 4 Manufacturing 47 59 42 6 5 12 53 64 54 Commerce 22 20 23 2 4 2 24 24 25 Tpt/Stor/Comms 17 12 12
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 23,299 23,299 69,832 69,832 Manufacturing 286,129 66,337 352,466 269,943 1,484 271,428 Commerce 454,601 23,553 478,154 158,384 1,038 159,422 Tpt/Stor/Comms 97,213 12,465 109,678 159,335 3,857 163,192 Finance 16,949 74 17,023 127,864 30 127,894 Construction 243,526 51,693
      123 words
    • Article, Illustration
      Lock icon BROKERS’ TAKE
      962 8  -  Compiled by CAI HAOXIANG Noble Group Dec 20 close: S$1.17 Maybank Kim Eng Research, Dec 20 WE SEE Noble as most leveraged to an improvement in China’s economic activity in 2013, especially industrial output. Excluding its oil gas business, China is its single biggest market, which we estimate
      Source:  -  962 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      109 8 Stock name Close Change CapMallsAsia 1.960 CapitaLand 3.710 +0.080 CapitaMall 2.110 +0.020 CityDev 12.940 -0.060 ComfortDelGro 1.775 +0.010 DBS Grp 14.990 +0.080 F&N 9.630 -0.030 GLP 2.760 -0.040 Genting SP 1.370 Golden Agri 0.645 +0.005 HK Land 7.150 +0.120 IHH Healthcare 1.335 JMH 60.990 +1.180 JSH
      109 words
    • Article, Illustration
      Lock icon Yen pulls back from 20-month low
      452 8 CURRENCIES Bloomberg [NEW YORK] The yen yesterday strengthened from a 20-month low against the US dollar, as the Bank of Japan (BOJ) maintained its inflation goal at one per cent while boosting monetary stimulus and agreeing to review of price target. Japan’s currency has
      Bloomberg; PHOTO: BLOOMBERG  -  452 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      57 8 VOLUME Digiland 294,512,000 HLH Grp 186,428,000 Transcu Grp 168,820,000 Geo Energy 149,099,000 YHM 47,473,000 Wilmar 45,625,000 MDR W*****5 39,517,000 Olam 32,638,000 Federal Int 32,149,000 Noble Grp 31,998,000 VALUE($) Wilmar 148,722,827 Geo Energy 73,060,240 SingTel 65,523,830 Olam 50,679,155 DBS Grp 48,903,530 Noble Grp 37,561,485 OCBC Bk 34,420,430 UOB
      57 words
    • Article
      Lock icon RISES
      109 8 BY CENTS CLOSE UP DBXT MSEurope 10US$ 4808 243.9 4.3 DBXT MSJAP 10US$ 3728 207.3 4.8 JMH 6099 143.9 2.0 DBXT AUD Bonds 5AU$ ***** 101.1 0.4 DBXT FTVietnam 10US$ 2127 51.2 2.0 UOB 1984 17.0 0.9 OCBC Bk 4.5%NCPS 100 ***** 15.0 0.1 HK Land 715 14.6 1.7
      109 words
    • Article
      Lock icon FALLS
      126 8 BY CENTS CLOSE DOWN GLD 10US$ ***** -53.7 -0.3 Jardine C&C 4820 -30.0 -0.6 Hyflux 6% CPS 10 ***** -20.0 -0.2 IS Asia BND 100US 1066 -17.1 -1.3 IS ASIA BND 100S$D 1304 -16.0 -1.2 Lyxor China H 10US$ 1472 -14.6 -0.8 IS MS India 100US$ 633 -9.8 -1.2
      126 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
      5 words
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      160 9 GOOD CLASS BUNGALOW FOR SAL CALDECOTT ***** sf. Face nature reserve, quiet private. Nice land. $2I.8M CLUNY *****/ 9000 sf. 3 min walk to Botanies Gdn ENG NEO AVE ***** sf. Beautiful tropical house. EWART PK ***** sf. Beautiful modern house FORD AVE ***** sf Hilltop designer decor wide frontage
      160 words
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      Lock icon Page 9 Advertisements Column 2
      136 9 Leadership in technology The world is growing. Every day, more people, vehicles, homes and factories are driving an ever-increasing demand for energy. That’s why ExxonMobil is investing more than US$1 billion annually in research, development and technology application part of our commitment to developing the breakthrough technologies required to meet
      136 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Data Protection Act to come into force on Jan 2
      446 10  -  Companies will have at least 18 months to comply with the new law By JOYCE HOOI THE Personal Data Protection Act (PDPA) will kick in on Jan 2 next year, alongside a newly formed Personal Data Protection Commission (PDPC) and
      446 words
    • Article
      Lock icon More firms becoming family-friendly
      282 10  -  By KIM MIN SEOK MORE employers here are going beyond statutory requirements to provide fami-ly-friendly benefits for their staff, a survey by the Ministry of Manpower found. The survey covered 3,500 establishments in both the private and public sectors. Some 41 per cent of employers surveyed
      282 words
    • Article
      Lock icon Some companies looking to hire in next 6 months, says survey
      667 10  -  Cost concerns and global uncertainties affect sentiment By MALMINDERJIT SINGH SOME Singapore companies are positive about employment prospects in the future even though concerns about rising costs and global economic uncertainties have pulled business sentiment down. Three of the
      667 words
    • Article, Illustration
      Lock icon $580 – That’s the average Xmas gift budget for most S’poreans
      397 10  - $580 That’s the average Xmas gift budget for most S’poreans Just 10% plan to spend more in 2012 than last year: poll By CHNG SZE NING SOME 85 per cent of Singaporeans plan to keep their Christmas spending at the same level as last year, a survey has found. Commissioned
      397 words
  • Page 10 Advertisements
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      265 10 >*• WAT3 NOTICES 1 1 i Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices NOTICE OF COURT HEARING IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE Originating Summons No. 1084 of 2012/T In the Matter of Section 210 of the Companies Act, Chapter 50 And In the Matter of Kian Ann
      265 words
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      824 10 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SEZ ASIA PACIFIC PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****2200Z NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Company held at 4650 Cushing Parkway, Fremont, CA ***** United States on the
      824 words
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      478 10 oceanus GROUP OCEANUS GROUP LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****5793D) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of OCEANUS GROUP LIMITED (the “Company”) will be held on Tuesday, 15 January 2013 at 3.00 p.m. at Ballroom 2, Level
      478 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Indonesia’s ex-trade minister Pangestu in race to lead WTO
      410 11 She is the second woman in running to succeed Lamy Reuters [GENEVA] Indonesia has entered the race for leadership of the World Trade Organization, nominating former trade minister Mari Pangestu to succeed Pascal Lamy when he steps down in August 2013,
      Reuters  -  410 words
    • Article
      Lock icon Investors sue Genneva for RM2m
      707 11  -  They are among estimated 60,000 people who invested up to RM10 billion By S JAYASANKARAN in Kuala Lumpur IN the first sign of nonconfidence and a harbinger of things to come, nine investors have filed a suit against gold trading firm Genneva Malaysia and four
      707 words
    • Article
      Lock icon Klang Valley MRT line to stay within budget: CEO
      382 11  -  By PAULINE NG in Kuala Lumpur THE FIRST mass rapid transit line of 51 kilometres for Malaysia’s Klang Valley will not cost more than RM23 billion (S$9.2 billion), MRT Corp CEO Azhar Abdul Hamid revealed yesterday. “We will ensure the project
      382 words
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      415 11 Limited Period Only! Buy Silver Earn Up To Per Month 3.9% Call6298 888l from izpm-Spm for appointment. Terms and conditions apply. All forms of trading and investment carry risk. Such activities may not be suitable for everyone. No CashTop Up Required For Holders Of Physical Gold. ASIA PACIFIC BULLION HONORING
      415 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon US and China upbeat after trade talks
      581 12 The economies of both countries are inseparable, says Vice-Premier Wang AP Bloomberg [WASHINGTON] The economies of China and the US have become “interdependent and inseparable”, a top Chinese official said after high-level trade talks which were being watched for signs of how the
      AP; Bloomberg  -  581 words
    • Article, Illustration
      Lock icon Massive mandate for BJP in Gujarat
      582 12 It grabs 122 seats; rival Congress party likely to win just 56 AP [NEW DELHI] Hindu nationalists won a resounding victory yesterday in state elections in western India, buttressing the political strength of Narendra Modi, the Hindu ideologue and polarising figure whose supporters believe
      AP; PHOTO: AP  -  582 words
    • Article
      Lock icon Standard Life bets on China job scene, luxury market
      361 12 Bloomberg [EDINBURGH] Jobseekers and luxury goods buyers in China are underpinning two key stock market bets for Edinburgh’s biggest fund company. Standard Life Investments has been buying shares of 51job Inc, an online recruiter in the world’s most populous country, and
      Bloomberg  -  361 words
  • Page 12 Advertisements
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      571 12 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF FLEXTRONICS GLOBAL SERVICES (SINGAPORE) PTE. LTD. (Registration No. *****5757E) (In Member’s Voluntary Liquidation) NOTICE OF RESOLUTIONS [Pursuant to Section 290(2)(b)] An Extraordinary General Meeting of the Company deemed
      571 words
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      Lock icon Page 12 Advertisements Column 2
      1399 12 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SAGINOMIYA SINGAPORE PTE. LTD. REG. NO. *****1685K (IN MEMBERS’ VOLUNTARY LIQUIDATION) NOTICE OF RESOLUTIONS [Pursuant to Section 290(2)(b)] At an Extraordinary General Meeting of the Company deemed to be held on 17 December 2012, the following
      1,399 words
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      557 12 COMMUNICATION DESIGN INTERNATIONAL LIMITED (Incorporated in Singapore) (Company Registration Number: *****5053Z) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Communication Design International Limited (the “Company”) will be held at The Chevrons, 48 Boon Lay Way, Singapore *****1 on 7 January 2013 at 10.30
      557 words
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      Lock icon Page 12 Advertisements Column 4
      38 12 13 (4 7 3 FIND THE ONES THAT FIT! 3 V J Recruit the right people through CATS Recruit. Call 1800 289 8822 or email recruit@sph.com.sg to advertise. 1 u 1 3 I 1 WAT>i RECRUIT S I
      38 words
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  • WORLD
    • Article
      Lock icon Economy grows at 3.1% annual rate in Q3
      589 13 But pace of growth can’t be sustained; lower growth likely in current quarter LATEST US DATA Bloomberg Reuters [WASHINGTON] The US economy grew at a 3.1 per cent annual rate in the third quarter, more than previously reported, reflecting the first gain
      Bloomberg; Reuters  -  589 words
    • Article
      Lock icon HSBC sells stake in Vietnam insurer to Sumitomo
      393 13 Bloomberg [HANOI] Sumitomo Life Insurance will buy HSBC Holdings’s 18 per cent stake in Vietnam’s biggest insurer Bao Viet Holdings for 7.1 trillion dong (S$412 million) in cash. The sale is expected to complete in the first quarter of 2013, according to
      Bloomberg  -  393 words
    • Article, Illustration
      Lock icon BOJ expands monetary stimulus
      777 13  -  Central bank also promises to review its inflation target By ANTHONY ROWLEY in Tokyo THE Bank of Japan delivered its third monetary stimulus in four months yesterday, after an intense campaign by incoming prime minister Shinzo Abe for the central bank to step up its fight
      PHOTO: REUTERS  -  777 words
    • Article
      Lock icon Europeans on a budget playing game of chicken
      542 13 They are hoping that retailers cut prices before the holiday Reuters [LONDON] Cash-strapped Europeans are playing a multi-billion dollar game of chicken this Christmas, holding back from buying presents in the hope that jittery retailers will cut prices rather than risk being
      Reuters  -  542 words
    • Article, Illustration
      Lock icon Park’s win big relief for Korea’s chaebol
      748 14 She has no plans to alter ownership structures at top firms: economist Reuters [SEOUL] A Park will be back in South Korea’s presidential mansion come February, and the big businesses, or chaebol, that dominate the country’s economy will be breathing a sigh of
      Reuters; PHOTO: AP  -  748 words
    • Article
      Lock icon Greece gets rewarded for fragile recovery
      488 14 Stocks rise after S&P upgrade, EU move to release funds AFP [ATHENS] Greece opened its Christmas stockings early this year with an unexpected debt rating boon and European Central Bank support but analysts warn that risks remain in the troubled nation’s fragile fiscal recovery.
      AFP  -  488 words
    • Article, Illustration
      Lock icon US energy boom will lead to shift in ties with Mid-East
      532 16 Reuters [WASHINGTON] The sudden boom in US oil and natural gas production could eventually lead to a shift in relations with the Middle East as the United States becomes a net exporter of energy, President Barack Obama said in
      Reuters  -  532 words
    • Article, Illustration
      Lock icon Australia gives up budget surplus plan for this year
      684 16 Govt cites strong currency and plunge in tax receipts for the policy change Reuters [CANBERRA] Australia’s government abandoned a long-held pledge to return its budget to surplus, blaming a painfully high local currency, lower export earnings and lower company profits for
      Reuters; PHOTO: BLOOMBERG  -  684 words
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      240 14 MAKING A DECISION ON A PROPERTY SOON? STProperty.sg is the portal that gives you Gives you price trend updates, as well as a vantage position with timely market past transacted psf price comparisons on information before you buy or sell any specific property Get started in 3 simple steps: Log
      240 words
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      271 15 z ii i y'r iv. to: .-Oaf* J l>, Me*'- -■<■■ -f'. ■ii < P :W3tt sac if. '..is k A'. AS-/-A fc V, 9RS 57 v ym&pM' v > i■ A :<-• P* §RA.« v -A S^-v' J 1 -ir.: ?1<" fAif! < or ft V >V > M
      271 words
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      2428 16 was notices Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices GALOC PRODUCTION COMPANY NO. 2 PTE. LTD. (incorporated in the Republic of Singapore) (Company/UEN Registration No. *****0243R) NOTICE NOTICE IS HEREBY GIVEN pursuant to Section 76(10)(h) of the Companies Act, Chapter 50 of Singapore (the “Companies Act”), that at an Extraordinary General
      2,428 words
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      244 16 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF SPRING GROVE DEVELOPMENT PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REGISTRATION NO. *****1703W NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that a Final Meeting of the members of the abovenamed company will be held at
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      1340 17 The Business Times Free trial now on iPad BT All-in-One coming soon. su* one more mgjor hub PAGE 24 olam Shares up at property Exec condo sit® 1 PagrRis keenly contested PAGE 8 end lower page 2 EXECUTIVE lifestyle fashion, art PAGE 34 V Survival of the quickest in high-cost
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  • KAZAKHSTAN INDEPENDENCE DAY
    • Article, Illustration
      Lock icon Preparing for a brave new world
      1578 18  -  Strategy Kazakhstan 2050 will work out a viable approach under the new global economic conditions, reports Vincent wee reports VINCENT WEE THE first 20 years of a country’s independence are both a fragile and yet exhilarating time. Kazakhstan, which celebrated its 21st year as
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      Lock icon Ambitious goals bear fruit for Kazakhstan
      1122 19  -  It will host two major events in 2017, the Winter Universiade and the International Specialised Exhibition Expo, reports Vincent wee Expo,reports VINCENT WEE FROM becoming one of the first few states to gain independence in the postSoviet era in 1991, Kazakhstan has emerged from
      1,122 words
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      134 18 Near market, near customer A pioneer in Kazakhstan Keppel Offshore Marine was one of the first Singapore companies to invest in Kazakhstan. The 50-ha Keppel Kazakhstan shipyard was set up in 2003 to better service the offshore and marine industry there. With a keen understanding of the market and operating
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      181 19 9 a s ni ujj6 u j 3j 5 IIEHiHi£SiI3j£ ppy k .■tsuf,-* mm^r Tlilfl 1 1M SGX mainboard-listed Food Empire Holdings (Food Empire) established its presence in Kazakhstan in 2000 and since then, the company has grown to be one of the strongest market leaders in Kazakhstan's instant coffee
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      98 20 NOW THERE IS A QUICK AND FREE WAY TO SELL YOUR CAR. I v,: f VV -V I STCARS f f j 1 1 T *u\ POST YOUR w CAR AD FOR 5 FREE .v-; T •s I ♦>. v- •••> > > A IV y v a -V a
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  • ERNST & YOUNG EOY AWARDS
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      Lock icon Entrepreneurs with pizzazz
      524 21  -  By LYNN KAN JOHN Lim, chief executive officer of ARA Asset Management, walked out of the Ritz-Carl-ton Grand Ballroom on Nov 27 as the Ernst and Young Entrepreneur of the Year 2012 Singapore. Mr Lim, 55, was named the overall winner at the 11th Ernst and Young
      PHOTOS BY ERNST & YOUNG  -  524 words
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  • EDITORIAL & OPINION
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      Lock icon China – The world’s hotbed of innovation?
      976 22  - China The world’s hotbed of innovation? A recent survey of managers sees it displacing the Silicon Valley as early as 2016 By GEORGES HAOUR, MARC LAPERROUZA Georges Haour is professor of technology innovation management at IMD. Marc Laperrouza is senior advisor to the Evian Group@IMD and lecturer at the University
      PHOTO: REUTERS  -  976 words
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      Lock icon It’ll be a year of economic and political status quo
      815 22  -  THE BOTTOM LINE LEON HADAR Washington Correspondent THE economic crises and political upheavals in recent years, including the financial crisis and the ensuing Great Recession, the instability in the Arab world and the crisis in the eurozone have all created
      815 words
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      Lock icon Time for a re-think on taxes
      512 22 EDITORIAL IN 1968, ecologist Garrett Hardin published an article in the journal Science titled “The Tragedy of the Commons”. He derived the name from the centrally located pasture areas in old English towns. Imagine 100 farmers surrounding a commons capable of sustaining 100 cows.
      512 words
    • Article
      Lock icon Will 2013 be any better?
      934 23  -  By SHAHID JAVED BURKI The writer, a former Pakistani finance minister and World Bank vice-president, is visiting senior research fellow at the Institute of South Asian Studies, an autonomous research institute of the National University of Singapore THE year 2012 is about to close, leaving
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      Lock icon Has anything changed after the bailout?
      1216 23  -  All the TARP mandates primarily attack the symptoms, but they do not change the banking culture By ERIK STERN The writer is president of global operations, Stern Stewart Co, a financial management consultancy IT IS more than five years since the collapse of Lehman
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  • PROPERTY
    • Article, Illustration
      Lock icon Stepping up in style
      1369 24  -  Open risers and floating staircases are equal parts architectural marvel and functional design, showing that taking the stairs doesn’t have to be a chore. By LISA-ANN LEE By ByLISA-ANN LEE FORGET the clunky concrete staircases that you might have trudged up and down in your youth.
      PHOTOS: DESIGNWORX INTERIOR CONSULTANT, CAMERON WOO DESIGN; PHOTOS: DESIGNWORX INTERIOR CONSULTANT, TIMUR DESIGNS  -  1,369 words
  • Page 24 Advertisements
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      439 24 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements D05 HOUSE FOR SALE JULUCA Below $800 psf! Cluster semi-d. Freehold. Juluca 3477sf 4 rooms ensuite. Private pool, 2 car lots. Quiet. Amenities D10 HOUSE FOR SALE EWART PARK Good Class Bungalow Ewart Park. *****/ 9300 sqft. Sophisticated living Great family living.
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      117 24 D22 HOUSE FOR SALE WESTWOOD TERRACE Westwood Terrace. 3-storey inter terrace. 4 rms. 1615/ 2368 sqft. Move in cond. View to offer. Open house by appointment D26 HOUSE FOR SALE SPRINGSIDE DRIVE Bungalow Springside Drive, approx 5447/ 4500 sqft. Park 8 car. Private lift. Future MRT. A&A done. Brand new
      117 words
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  • Page 25 Advertisements
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      935 25 D03 APARTENT FOR SALE ECHELON Echelon next to Redhill MRT. 43-storey. 3-bdrms. 11xx sq.ft. Minutes to Orchard. 8499 9848 Kim Soon D09 APARTMENT FOR SALE EMERALD HILL RESIDENCES Emerald Hill Residences. Freehold. Just TOP. 6000 sq.ft. 6+1. David Lim 9247 3330 D09 APARTMENT FOR SALE LEONIE TOWERS 4 bedrooms ensuite.
      935 words
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      225 25 D19 APARTMENT FOR RENT COMPASS HEIGHTS 3+2. Pool facing. Breezy. Immed. Just above MRT/ mall. $3.8K. Michelle 8282 1710 D23 APARTMENT FOR RENT PALM GARDENS 3-bdrm, private lift, spacious, unblock view. Quiet, Fully furnished. Near market/ LRT/ Shopping Ctr. Jan 2013. Deborah Lau 8666 5566 D23 APARTMENT FOR RENT REGENT
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      619 26 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements CENTRE 120 LOWER DELTA ROAD AREA:4500/9000 sq ft Corporate Image with S Mins, toTiong Bahru MRT/AYE/ECP/CTE Million Fittings Ample Parking Lots (600 Lots), •/Nice Panoramic View $70 per car lot For Sale $1000 psf/Rental $4.20 psf Full commission to Agent Interested Call:
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      54 26 RARE F&B WITH MARINA BAY VIEW! r 1 unit for lease 3+3 years r Approx Duplex 3400 sqft with roof top alfresco -9027-4237 SEMI-DETACHED GROVE AREA BRAND NEW û Land 2200-3300 sqft û Built in 3500 4800 sqft û 3-sty with or without basement û From $5.xM Jeannie Lim 9800
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  • AVIATION
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      Lock icon Aussie panel clears Qantas-Emirates tie-up
      559 27  -  Both airlines say the alliance will provide customers seamless int’l, Aussie network By VEN SREENIVASAN THE Australian Competition and Consumer Commission (ACCC) has given its in-principle approval to the proposed alliance between Qantas and Emirates for five years. The ACCC’s nod is required for the
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      Lock icon No threat of X’mas protest as Cathay union agrees to deal
      283 27 Bloomberg [HONG KONG] Cathay Pacific Airways Ltd, Asia’s biggest international carrier, and its flight attendants union agreed on a labour deal, averting the threat of possible industrial action over the Christmas travel period. The accord includes changes in flight
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    • Article
      Lock icon FedEx stays on full-year earnings course
      643 27 Bloomberg [DALLAS] FedEx Corp, operator of the world’s largest cargo airline, maintained its full-year profit forecast amid increasing concern that US economic growth may slow. The shares rose on Wednesday, as broader market indices declined, after Memphis, Tennes-see-based FedEx re-af-firmed its fiscal 2013 earnings
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      Lock icon TRANSPORT STOCKS
      271 27 sex 'ooa OH 20 55 ♦I*Vol <JW.Si i Hjp Ml-jy Loku Co* P CVi/rUd AUC .Ofe* ,J* 23 tijieli untf30 r-?8 dES 8ya Hlrigs fl»« 5*»p otqtirunWA Pnukt ,'«y* •tc-it? ud k v'(*ni »(•«■> H.npi|JH roru Mnv, fynyr^.p T3 .0 73 0(77 -Ipcivit V vlT ti 01 ur«li
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      Lock icon India’s Jet Airways may beat Kingfisher to Etihad funds
      893 27 Bloomberg [NEW DELHI] Jet Airways (India) Ltd may trump Kingfisher Airlines in the race for funds from Etihad Airways, hindering the grounded rival’s efforts to win investment to help restart flights. Jet Airways’ network, domestic market share and a codeshare pact
      Bloomberg  -  893 words
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      46 27 tablat THE HEARTBEAT OF THE INDIAN COMMUNITY CLASSIC KAMAL Actor makes no bones about his movie-making. He has 32 fractures to prove it t tabla! checks out five kinds of weekend visitors to Little India GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS WHILE STOCKS LAST
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      411 27 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF NAFA ASIAGATE EDUCATION CORPORATION PTE. LTD. (In Members’ Voluntary Liquidation) Reg No. *****0500M NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 80 Bencoolen Street Singapore *****5
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  • Article
    Lock icon The Business Times Shipping Times
    3421 28 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE n GLOBAL SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE CONVENTIONAL, BREAKBULK PROJECT Destination
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      119 29 TO ADVERTISE IN .THE Business Times Shipping times CALL JOE WONG I FREIGHT FORWARDER urgently needed by shippers i Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WO IMG AT 9620 1327 Announce Your Corporate Development Come publicise your Project Completion, Ship Christenings Delivery
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  • SINGAPORE STOCKS
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      Lock icon SGX MAINBOARD
      2930 30 Transaction date: Dec 20 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale Vol Day Last Quote (’000) High Low Buyer Seller 149.5 93 AIMSAMPIReit 146 unch 710 147 145.5
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      Lock icon SGX CATALIST
      153 31 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale Vol ('000) Day High Last Quote Low Buyer Seller Div Gr Yld C'vr Net M Cap P/E Smil 21 12.6 t
      153 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      8427 31 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!*‘ AXA Wealth Mgt S'pore Pte Ltd APS Alpha Fund (USD)!** Aberdeen Asset Mgt Asia Limited AXA Wealth Mgt S'pore Pte Ltd Aberdeen Asset Mgt Asia Limited China Opportunities 2.8153/ EM Local Ccy Bond 0 9881/
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      Lock icon GLOBALQUOTE
      249 31 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Company 41.5 26 Genting HK US$ US33.5 -0.5 1638 33.5 33 33 33.5 2205.8 Sale 237 180 TanChongInt HK233 -1 96 234 233 233 235 4.3 3
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      Lock icon SGX ETF
      913 31 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 114.4 ABF SG Bond ETF 118.3 +0.2 5 120 118.3 118.3 119.9 540 128.9 120.4 CIMB APAC Div 100S$D 125 128.4 129.4 105.5 95.8 CIMB
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      623 32 Dec 20 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.11 *****.68 *****.65 Mar13 *****.00 *****.00 *****.00 *****.00 *****9 *****8 Jun13 *****.00 *****.00 *****.00 9940.00 1 2547 MSCI TAIWAN INDEX FUTURES SPOT 275.91 275.91 272.26 Dec12 275.80 276.00 271.60 271.90 ***** *****7 Jan13 275.20
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      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 32 In local curr In S$ In US$ dy yr dy yr dy yr Dec 19 Index Change Change Change Change Change Change World Preliminary 944.9 0.4 13.9 0.5 7.5 0.4 14.4 EAFE Preliminary 775.3 0.9 13.7 1.1 7.7 1.0 14.6 Europe Preliminary 1158.3 0.5 12.8
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      Lock icon SMX MARKET UPDATE
      75 32 As on 19 December 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PRECIOUS METAL GOLD FUT FEB2013 1677.50 1664.40 1665.30 INDIA GOLD (E-GOLD) FUT FEB2013 562.65 558.80 559.10 CURRENCY EUR-USD FUT MAR2013 1.3313 1.3241 1.3256 BASE METAL COPPER FUT MAR2013 8066 7966 7952 THE SMX BOOT CAMP Training
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      Lock icon CHICAGO BOT
      107 32 Dec 19 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 13 1437.00 1466.00 1472.25 1433.00 Mar 13 1431.00 1460.50 1466.50 1426.25 May 13 1419.50 1444.50 1449.50 1413.25 Jul 13 1414.00 1432.50 1438.00 1405.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jan 13 48.41
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 32 CRUDE OIL PRODUCTS Dec 19 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 109.95 1.04 WTI (Near Mth) 89.42 1.45 Dubai (1-Mth F) 105.55 1.20 Tapis blend 116.05 1.41 Minas 109.33 1.41 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 103.61 0.00 Jet Kerosene 125.04 1.08 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 32 Dec 20 S$ Bid Offer 1-month 1.2196 1.2201 2-months 1.2196 1.2201 3-months 1.2196 1.2201 6-months 1.2194 1.2201 Source: OCBC
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      Lock icon LONDON METALS
      64 32 Dec 19 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2048.25 2079.75 3 months 2085.00 2100.00 Copper, Grade A(US$/tonne) Cash 7897.50 7995.25 3 months 7926.00 8024.00 Lead(US$/tonne) Cash 2319.00 2305.25 3 months 2337.00 2320.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3 months *****.00
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      Lock icon LIFFE
      80 32 Dec 19 COCOA (£/tonne) Close Prev High/Low Mar 13 1484 1511 1514/1481 May 13 1492 1519 1520/1490 Jul 13 1499 1525 1525/1498 Sep 13 1505 1530 1529/1502 COFFEE(US$/tonne) Close Prev High/Low Jan 13 1877 1847 1880/1843 Mar 13 1869 1842 1874/1843 May 13 1880 1852 1884/1855 Jul 13 1893
      80 words
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      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      881 32 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 1 146 650 5.00 17 Conv Ratio Best World Intl Ltd W*****5 0.5 1 30 73 35.20 7 Price Prem Biosensors Int'l Group.ES.1212 122 1.5 2 Bumitama
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    • Article
      Lock icon INTERBANK CROSS RATES
      470 32 Dec 20 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.037 6.534 0.794 8.131 57.551 101.610 0.880 11.274 3.207 1.255 102.308 43.089 1.280 8.918 0.959 30.472 32.135 0.646 1.049 Canada 0.964 6.302
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    • Article
      Lock icon SIBOR
      60 32 Dec 20 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths SWAP Mid rates (S$) 0.***** SWAP Mid rates
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    • Article
      Lock icon PRECIOUS METALS
      138 32 Dec 20 GOLD(US$/oz) Dec 19 Dec 20 Hong Kong 1686.40 1676.60 Dec 20 Dec 18 Dec 19 London 1691.96 1672.30 1692.73 1673.10 Source: Thomson Reuters CAST BAR Dec 20 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 147 65 5gm 418 327 10gm
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      Lock icon GOVERNMENT SECURITIES
      86 32 Dec 20 Dec 20 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****T 21-Mar-13 0.23 6-Month BS*****X 13-Jun-13 0.26 1-Year BY*****X 01-Nov-13 0.26 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0N 0.25 01-Oct-14 101.91 5-Year N*****0Z 2.375
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    • Article
      Lock icon PALM OIL
      57 32 Dec 20 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 13 2174.0 2201.0 2200.0 2161.0 583 7779 Feb 13 2245.0 2265.0 2268.0 2236.0 5067 ***** Mar 13 2305.0 2321.0 2325.0 2296.0 ***** ***** Apr 13 2362.0 2377.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 32 Dec 20 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2791 1.2803 1.0489 1.0494 Canadian dollar 1.2337 1.2347 1.0120 1.0116 Euro 1.6116 1.6125 1.3215 1.3217 NZ dollar 1.0195 1.0205 0.8360 0.8365 Sterling pound 1.9817 1.9830 1.6250 1.6254
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      106 32 As at 9am Dec 20 HI .<f* OT.| CuminuL'a Sell buy -in 1 MS I /V *r JJH i, Mfr j rt' <rr yfii mi* «i| O'M1 .0 Mir* i |n-<l M» Ilf AllMtHII Currencies Sell Huy in 14* un» IMilrti) rf/iik m4t» Mk clnlUr ijOai
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      Lock icon INTERBANK RATES
      154 32 Dec 20 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.07 US$ Offer Bid 7 days 0.22 0.12 1 month 0.30 0.20 2 months 0.40 0.20 3 months 0.45 0.25 6 months 0.65 0.45 9 months 0.80 0.60 12
      154 words
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  • executive lifestyle
    • Article, Illustration
      Lock icon THE END OF THE WORLD FOR BEGINNERS
      1453 33  -  If Mayan prophecies pan out today, then it really is a good day to take stock of all the news that have made this a year, we must die, die, not forget, writesJAIME EE JAIME EE HELLO, world. It’s your friendly neighbourhood Mayan
      PHOTOS: FILE  -  1,453 words
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  • END OF THE WORLD
    • Article, Illustration
      Lock icon Living it up on your last day
      944 34 / 35  -  PREPPING FOR D-DAY By DEBBIE YONG Oh, YOLO. If you think the craze over the latest Internet slang word is annoying, it gets worse: it’s true that you only live once, but according to the Mayans’ prediction, you also won’t be living for
      PHOTOS: BUYAN, BAR STORIES, AVALON  -  944 words
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      Lock icon End it on a high note
      398 34 / 35  -  CD REVIEWS By CHRISTOPHER LIM IF the world’s going to go the way of a disaster movie, the least you can do is compile an appropriate soundtrack to match the (melo)drama. Here are a few suggestions: Idioteque From: Kid A, Radiohead Driven by a
      398 words
    • Article, Illustration
      Lock icon Facing up to D-Day
      667 34 / 35  -  CHRISTOPHER LIM and TAY SUAN CHIANG find out what The End means to most people CHRISTOPHER LIM TAY SUAN CHIANG Lawyer couple: Canadian expat D has already started preparing for the potential end of the world by stocking up on canned tuna and bottled water. Being
      667 words
    • Article, Illustration
      Lock icon Welcome to a zombie apocalypse
      404 34 / 35  -  GAMING REVIEWS By CHRISTOPHER LIM The Walking Dead: The Game (Price varies depending on platform) Rating: AThe Walking Dead: Assault $3.98 for iOS Rating: C+ IT’S entirely possible that the world will end today by zombie infestation. After all, a zombie apocalypse is quintessential pop
      404 words
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      Lock icon Hollywood’s Armageddon after-party
      554 34 / 35  -  D-DAY AT THE MOVIES By DYLAN TAN The world might end today but tomorrow is starting to look a lot better if these Hollywood flicks are telling us the truth: 1) Our skyline will look prettier than ever: As seen in: Blade Runner (1982) Director: Ridley Scott
      554 words
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  • CINEMA/MUSIC
    • Article, Illustration
      Lock icon Grey anatomies
      735 36  -  Ageing action stars Tom Cruise and Jackie Chan want to go out with a bang but wheeze through their latest outings, reviews DYLAN TAN reviewsDYLAN reviewsDYLAN TAN AGE is catching up with former action stars Tom Cruise and Jackie Chan if their latest films Jack Reacher and CZ12
      PHOTOS: PARAMOUNT PICTURES, GOLDEN VILLAGE  -  735 words
    • AroundTown
      • Article, Illustration
        Lock icon Music
        204 36 Regina Spektor Live in Singapore: Rus-sian-born, Bronx-bred artist Regina Spektor has gone from practising on an out-of-tune piano in the basement of her local synagogue, to hypnotising small crowds in NYC’s lower East Side, to selling out venues like New York’s Radio City Music Hall worldwide. She brings her
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      • Article
        Lock icon Theatre
        124 36 Not Counted: On Wednesday, Teater Ekamatra started its run of Not Counted, a 90-minute play written by Zizi Azah and starring Gerald Chew and Najib Soiman. It explores themes of meritocracy, income inequality and equal opportunity. Chew plays Benjamin Lik, who lives in a bungalow, drives a BMW and
        124 words
      • Article
        Lock icon Film
        83 36 Shuttlecock Boys: The lives, successes and failures of four friends who hail from lower middle-class backgrounds in Delhi are chronicled in Shuttlecock Boys, an indie Bollywood effort from first-time director Hemant Gaba. This coming-of-age tale celebrates determination, courage, luck and spirit of friendship all through the protagonists’ common love
        83 words
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      Lock icon A-lister outing
      555 36  -  By DYLAN TAN EVERYONE is guaranteed the best seat in the house at director Tom Hooper’s big-screen adaptation of Les Miserables. Not only that, the film boasts a dream team of Hollywood A-listers Hugh Jackman, Russell Crowe, Anne Hathaway leading the cast, making this dressy cinematic outing as
      PHOTO: UNIVERSAL PICTURES  -  555 words
    • Article, Illustration
      Lock icon Sting’s killer riffs sizzle
      437 36  -  By DYLAN TAN WITH the music business these days, nobody needs a new album to find a reason to tour anymore. Just look at Sting it’s been over three years since he’s gone back into the studio but that hasn’t stopped the 61-year-old from hitting the
      PHOTO: LUSHINGT0N  -  437 words
    • Article, Illustration
      Lock icon Also in memory of voices past
      470 36  -  By CHRISTOPHER LIM ANNUAL music concerts, festivals and competitions that take a hiatus statistically run the risk of disappearing for good. So it was with some relief that fans of Jeremy Monteiro’s Jazzy Christmas series welcomed news that the jazz keyboardist had decided to
      470 words
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  • ARTS
    • Article, Illustration
      Lock icon Cheerleader for Asian art
      1322 37  -  Brisbane has made a mission of showcasing Asia Pacific art to the world, reports HELM I YUSOF reportsHELMI reportsHELMI YUSOF AI Weiwei. Takashi Murakami. Yayoi Kusama. Zhang Xiaogang. Before they became superstartists whose million-dollar creations are coveted by collectors worldwide, they had at one time or
      PHOTOS: HELMI YUSOF, NATASHA HARTH  -  1,322 words
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      Lock icon Into a sphere of sound
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      PHOTO: AP  -  1,076 words
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      115 38 W Uf7 TS 9 0 SO m m/n L m/n s v. 40 A 2 i J0 URXA/ERK PRESENTS THE UR-210 AND ITS REVOLVING SATELLITE COMPLICATION WITH FLYBACK MINUTE HAND URWEFtK GENEVE URXA/ERK has its origins in the town of Ur in Mesopotamia. In 6000 BC, Ur’s inhabitants, the Sumerians,
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